Early in the morning, factory whistle blows Man rises from bed and puts on his clothes Man takes his lunch, walks out in the morning light It’s the work, the working, just the working life – Bruce Springsteen. The East Asian export model is the worst economic model – except for all the others that have been tried. Winston Churchill was actually referring to something else but we are going to apply his quip to development economics because the original hasn’t been aging so well. While some may marvel at how Japan, South Korea, Taiwan and, of course, China exported their way to riches, it was, in reality, an arduous, ... (full story)